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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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spritzer Lim
post Mar 29 2017, 12:22 PM

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QUOTE(jack2 @ Mar 29 2017, 11:33 AM)
Not really. I did join  rclxm9.gif
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how long u join? u get back ur capital ady?
anton21
post Mar 29 2017, 01:01 PM

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I can't recall off hand. But they give out weekly 4-6%

This post has been edited by anton21: Mar 29 2017, 01:02 PM
jack2
post Mar 29 2017, 01:06 PM

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QUOTE(spritzer Lim @ Mar 29 2017, 12:22 PM)
how long u join? u get back ur capital ady?
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2 months
QUOTE(anton21 @ Mar 29 2017, 01:01 PM)
I can't recall off hand. But they give out weekly 4-6%
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10% every 10days
SUSMNet
post Mar 29 2017, 07:51 PM

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QUOTE(spritzer Lim @ Mar 29 2017, 11:26 AM)
anyone hear richway global venture before? is a scam company also?
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u should join now before too late
kjlow88
post Mar 29 2017, 09:10 PM

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So polular now, this is investment or is a G ing?
PaulPhan
post Mar 30 2017, 10:33 AM

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http://www.thestar.com.my/news/nation/2017...-23000-victims/

VenusFX

This post has been edited by PaulPhan: Mar 30 2017, 10:34 AM
viruz
post Mar 30 2017, 01:58 PM

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QUOTE(troller2 @ Mar 28 2017, 11:35 PM)
What you mean by high frequency trading?
can give an example?
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Meaning allow unlimited open positions.
spritzer Lim
post Mar 30 2017, 04:46 PM

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QUOTE(MNet @ Mar 29 2017, 07:51 PM)
u should join now before too late
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wat u mean before too late?
troller2
post Mar 30 2017, 06:29 PM

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QUOTE(viruz @ Mar 30 2017, 01:58 PM)
Meaning allow unlimited open positions.
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i see. thats not actually high frequency trading.
TSDrFX
post Mar 30 2017, 07:03 PM

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QUOTE(empire177 @ Mar 29 2017, 10:02 AM)
Dr FX, may I know why is hotforex not a genuine broker?
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Hi empire177,

Hotforex is s incorporated in St. Vincent & the Grenadines as an International Broker Company with the registration number 22747 IBC 2015.

There is no proper license, thus it is not advisable to trade or invest with Hotforex.
TSDrFX
post Mar 30 2017, 07:21 PM

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Recently, there are scam companies threaten lowyat to take down our thread in order for them to continue scam more victims.

Thanks to our dedicated moderators for supporting our effort to fight scammers. We are required to provide more information or testimonials for each scam companies listed on this thread. However, please be reminded that testimonials are way too late to fight scams, so we will provide the indication that why the companies are SCAM or POTENTIAL SCAM.

Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live trading view via platform (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.

This post has been edited by DrFX: Mar 30 2017, 07:50 PM
SUSMNet
post Mar 30 2017, 08:17 PM

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QUOTE(DrFX @ Mar 30 2017, 07:21 PM)
Recently, there are scam companies threaten lowyat to take down our thread in order for them to continue scam more victims.

Thanks to our dedicated moderators for supporting our effort to fight scammers. We are required to provide more information or testimonials for each scam companies listed on this thread. However, please be reminded that testimonials are way too late to fight scams, so we will provide the indication that why the companies are SCAM or POTENTIAL SCAM.

Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live trading view via platform (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.
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Who pressure u?

wss81
post Mar 30 2017, 09:56 PM

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mtf5fx EA. They claimed can generate 5000% per month
If they show me demo....Maybe i wouldnt believe
but one of the investor account is from fxgiants (which is UK FCA regulated)
i really confuse.... because really tempting

server : fxgiantsuk-real8
account No : 809032
password : www.mt5fxrobot.com

http://mt5fxrobot.com/
duplicated
post Mar 30 2017, 11:59 PM

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QUOTE(wss81 @ Mar 30 2017, 09:56 PM)
mtf5fx EA.  They claimed can generate 5000% per month
If they show me demo....Maybe i wouldnt believe
but one of the investor account is from fxgiants (which is UK FCA regulated)
i really confuse.... because really tempting

server : fxgiantsuk-real8
account No : 809032
password  : www.mt5fxrobot.com

http://mt5fxrobot.com/
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user posted image

Look at the image above, 1M EURUSD, clearly that the trades are manipulated. Almost immediately exit after entry.
Looks like there's no spread.


SCAM!!!
SUSMNet
post Mar 31 2017, 08:14 PM

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QUOTE(duplicated @ Mar 30 2017, 11:59 PM)
user posted image

Look at the image above, 1M EURUSD, clearly that the trades are manipulated. Almost immediately exit after entry.
Looks like there's no spread.
SCAM!!!
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Its ECN with there negative spread.
try to search for it.

duplicated
post Apr 1 2017, 12:21 AM

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QUOTE(MNet @ Mar 31 2017, 08:14 PM)
Its ECN with there negative spread.
try to search for it.
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Negative spread does not imply zero commission. I failed to see how a strategy opens and almost immediately closes could generate profit in the long run, except when you have zero commission and a negative spread.

Of course, unless you are talking about high frequency trading. In spot forex, where there's no centralised market, it's almost impossible to be sure to get a negative spread every time.

This post has been edited by duplicated: Apr 1 2017, 12:23 AM
SUShighlowyat
post Apr 1 2017, 03:47 PM

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QUOTE(DrFX @ Mar 30 2017, 07:21 PM)
Recently, there are scam companies threaten lowyat to take down our thread in order for them to continue scam more victims.

Thanks to our dedicated moderators for supporting our effort to fight scammers. We are required to provide more information or testimonials for each scam companies listed on this thread. However, please be reminded that testimonials are way too late to fight scams, so we will provide the indication that why the companies are SCAM or POTENTIAL SCAM.

Indication of SCAMs:
1. FIX RETURN (SCAM)
2. Unregulated or offshore regulated brokers (Potential SCAM)
3. Lucrative upfront commission (SCAM)
4. No live trading view via platform (Potential SCAM)
5. Fix exchange rate for deposit and withdrawal (SCAM)
6. Cash payment or local deposit (SCAM) unless through regulated payment gateway.
*
ive seen this thread missing that day
Dont worry. They close it, we open another one
TSDrFX
post Apr 1 2017, 04:04 PM

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It's a scam, don't think so much. One would not sell their EA if it is so profitable. Any tight spreads or zero spread should come with trading commission unless you are trading with UBS, DB, JP Morgan, etc. HFT does not work on such retail platform.

http://mt5fxrobot.com/

This post has been edited by DrFX: Apr 1 2017, 04:05 PM
TSDrFX
post Apr 1 2017, 04:10 PM

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QUOTE(anton21 @ Mar 27 2017, 06:51 PM)
Hi DrFX and all the Guru,
Recently, I come across an investment company called Questra World and Atlantic Global Asset Management (A.G.A.M.). They are not an FX company but into MLM and asset management. Do you review this type of business?
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Kindly provide us more informations on both companies including their web sites, marketing materials, etc.
ysklove66
post Apr 1 2017, 04:12 PM

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DrFX can I have your contact ? I have some professional question about forex to ask you and in serious situation .

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